Germany rejects Putin’s ‘blackmail’ with new gas terminal

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Germany rejects Putin’s ‘blackmail’ with new gas terminal
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The completion of the specialised ship marks a crucial point in the country’s plan to end reliance on Russian energy.

| Germany has opened its first state-chartered liquefied natural gas vessel, as Europe’s largest economy races to replace Russian gas amid an energy crunch and freezing temperatures.

The launch also shows Germany plans to remain competitive in the international LNG market while remaining sceptical of the European-wide gas price cap being pursued by the European Commission. The vessel Hoegh Esperanza, a floating storage and regasification unit , has enough LNG to supply 50,000 German households. With a second vessel set to start operations this winter in Brunsbuettel, along with three more state-chartered facilities and a private one in Lubmin, about a third of Germany’s gas demand could be fulfilled.“More terminals will follow on the German North Sea and Baltic Sea coasts in the coming weeks and months – in Lubmin, Brunsbuettel and Stade,” Mr Scholz said.

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